Taxing super profits – how much is too much?

Taxing super profits – how much is too much?
When the rain falls, some generators benefit. Are they ripping off the public? (Image: Mercury)
Ian Llewellyn
The major electricity companies have said calls for them to face a tax on “super profits” are misguided, and reducing their earnings would mean they couldn't build much-needed new generation.The Green party has floated the idea of a new windfall tax on excess profits. Citing international examples of levies being placed on companies making large profits due to the global energy crisis, MP Julie Anne Genter said the tax in NZ should apply to specific sectors: banks, fuel companies, supermarkets, building products suppliers and en...

More Policy

Apprenticeships to be moved to new industry skills boards
Policy

Apprenticeships to be moved to new industry skills boards

Vocational Education Minister says new training model will help build skills.

Maria Slade 24 Apr 2025
Ministry of Justice seeks market feedback on courthouse PPPs
Policy

Ministry of Justice seeks market feedback on courthouse PPPs

Want to build and maintain three courthouses for 25 years? Now's your chance.

Oliver Lewis 24 Apr 2025
Foreign investors show ‘increased interest’ in NZ
Policy

Foreign investors show ‘increased interest’ in NZ

Pension funds are reportedly cooling on the US. Could NZ stand to benefit?

Oliver Lewis 22 Apr 2025
Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025